Choice International Completes 100% Acquisition of Choice Proptech Solutions
Choice International Limited acquired 100% stake in Choice Proptech Solutions Private Limited for ₹6.22 Crore. The acquisition transforms CPSPL into a direct wholly owned subsidiary as part of group restructuring. CPSPL reported ₹2.46 Crore turnover and ₹1.37 Crore net worth as of March 31, 2026.
The acquisition is described as an internal group restructuring to simplify corporate structure and improve operational efficiency, with no material impact on the business or operations of the listed entity.
The acquisition is part of an internal restructuring and does not have a material impact on the company's business or operations. The terms are on an arm's length basis.
Choice International Limited has successfully completed the acquisition of 10,000 equity shares of ₹10 each, representing 100% of the paid-up equity share capital of Choice Proptech Solutions Private Limited (CPSPL). The acquisition was made from Choice Consultancy Services Private Limited, a subsidiary of Choice International, at a consideration of ₹6,222 per equity share, totaling ₹6,22,20,000 (₹6.22 Crore).
Following this transaction, CPSPL, previously a step-down subsidiary, has now become a direct wholly owned subsidiary of Choice International Limited. This acquisition is part of an internal group restructuring aimed at simplifying the Group's corporate structure and improving operational efficiency, without any material impact on the business or operations of the listed entity.
Choice Proptech Solutions Private Limited is engaged in technology-driven real estate distribution, marketing, and advisory services. As of March 31, 2026, CPSPL reported a turnover of ₹245.57 Lakhs and a net worth of ₹137.43 Lakhs. The transaction has been undertaken on an arm's length basis, approved by the Audit Committee and the Board of Directors, and does not qualify as a material related party transaction requiring shareholder approval.
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Choice International Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it low impact, the band that almost never moves a portfolio on its own.
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